Browsing: Interest rates

Treasury Secretary Janet Yellen stated that she feels sorry for characterizing inflation in 2021 as “transitory,” a term used by several Federal Reserve and Biden administration officials to describe the pandemic-induced price surges they initially believed would be short-lived. “I regret saying it was transitory. It has come down. But I think transitory means a few weeks or months…

Unemployment rate rises, but hiring remains healthy

A former Trump economic adviser said Friday there is “no question” the U.S. has the strongest economy in the world after a strong February jobs report followed President Biden’s State of the Union address. “One thing that Biden said last night that was true: It is true that the United States today has the strongest…